FRM enters into strategic relationship with CommEq Asset Management
|June 25th, 2013||
|FRM, Man Group plc‘s (“Man”) fund of hedge fund investment specialist, has formed a strategic relationship with CommEq Asset Management (“CommEq”) which involves FRM making a seed allocation to CommEq and helping CommEq launch an institutional asset management business.|
CommEq seeks out previously under-explored, unstructured data sources and data streams that it believes have the potential to significantly influence the perception of corporations and hence the pricing of their securities. CommEq has developed a mature, artificial intelligence based prediction engine which aims to generate alpha from these sources through a systematic, scalable investment process.
Patric de Gentile Williams, Head of Seeding at FRM said:
“Following an investment of more than 150 man years in natural language processing technology and predictive systems, CommEq has developed what we view as an innovative systematic platform which we believe goes well beyond known approaches in the field. We feel this strategy may be attractive for investors looking for highly liquid, systematic, relative value investment strategies.”
CommEq Founder & CEO Christofer Solheim, said:
“Our alpha innovation and extensive research and development have enabled us to generate alpha throughout a wide range of market conditions for over five years. The strategic relationship with FRM will help us both scale our business and accelerate our investment products.”
CommEq employs more than 20 full-time staff across a number of disciplines including: statistics, applied mathematics, economics, computer linguistics, and software development. CommEq has a two and half year proprietary track record using its investment strategy based on what it views as under-explored, unstructured data sources and data streams.
FRM is a top 10 global industry allocator to hedge funds by AUM, and the largest independent European based FoHF managing commingled funds and advising institutional clients1. It has one of the industry’s largest research and investment teams – located in London, New York, Tokyo, Guernsey and Pfäffikon (Switzerland) – who are supported by institutional quality infrastructure.
The business offers clients a wide range of multi-manager investment services across the liquidity spectrum, from commingled FoHFs through managed accounts (‘MACs’) to risk management and manager seeding activities. With 15 years of experience in building MAC capabilities and USD 8.7 billion invested via MACs2, FRM’s industry-leading platform provides the access and transparency to promote better investment decisions.
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